Italy’s largest bank, Intesa Sanpaolo, increases its exposure to crypto via staked Ether while reducing holdings in spot Bitcoin ETFs, according to recent reporting. In the second quarter, the bank triples its position in the iShares Staked Ethereum Trust ETF, raising the value of its staked Ether ETF holdings to about $7.1 million. At the same time, Intesa Sanpaolo cuts its stake in iShares Bitcoin ETF (IBIT) by about 94% during the quarter. CoinDesk also reports that total bitcoin ETF holdings across the bank fall, citing a 35% decline to roughly $69.3 million. Additional coverage indicates the bank reduces holdings in two spot Bitcoin ETFs, not only IBIT. The changes are linked to market conditions during the quarter, when crypto prices slump, but the reported actions focus on the bank’s shifting ETF allocations—moving from spot Bitcoin exposure toward a larger share in staked Ether. The reports do not attribute the trades to any stated strategy beyond the disclosed changes in holdings.
Intesa Sanpaolo triples staked Ether ETF holdings while cutting spot Bitcoin ETF stakes
Italy’s largest bank, Intesa Sanpaolo, increases its exposure to crypto via staked Ether while reducing holdings in spot Bitcoin ETFs, according to recent reporting. In the second quarter, the bank tr...
- Intesa Sanpaolo increases its iShares Staked Ethereum Trust ETF holdings to about $7.1 million.
- The bank triples its staked Ether ETF position in the second quarter.
- Intesa Sanpaolo reduces its IBIT stake by about 94% in 2Q.
- Total bitcoin ETF holdings fall about 35% to roughly $69.3 million.
- The bank also cuts holdings in more than one spot Bitcoin ETF, not only IBIT.
The Italian bank tripled its holding of iShares Staked Ethereum Trust ETF stake as total bitcoin ETF holdings fell 35% to $69.3 million.
3 hours agoItaly’s largest bank Intesa Sanpaolo increased its staked Ether ETF position to $7.1 million while reducing its holdings in two spot Bitcoin ETFs.
5 hours ago
World Bank says AI could provide a “lifeline” for emerging economies
The World Bank says artificial intelligence could act as a “lifeline” for emerging economies, according to multiple repo...
US-Iran peace deal optimism lifts stocks; oil moves lower and bond yields ease
US stock markets rise amid growing expectations of a US-Iran peace agreement, with investors leaning into improved risk...
Energy companies report Q2 2026 results in earnings call presentations and transcripts
Multiple energy-sector companies present and discuss their second-quarter 2026 financial results through earnings call m...